India’s renewable energy stocks have received a lot of attention as a result of growing government backing, considerable investments in the renewable energy industry, and growing environmental concerns. With 500 GW installed capacity being India’s 2030 goals, investors are keeping a look out for chances in this sector.
There is no shortage of possibilities for investors looking to make an impact in India’s energy industry. Because of this increased attention, the renewable energy industry is one to keep an eye on, with businesses expected to generate incredible profits in the years to come.
There are top amazing energy stocks that demonstrate adaptability, creativity, and development potential in the dynamic environment with traditional and renewable energy sources are highlighted in the list below.
Surat: These are India’s top 5 stocks for renewable energy –
| Company | CMP (Rs) |
P/E (x) |
P/BV (x) |
D/E (Curr FY, x) |
EV/EBIT | RoE (Latest, %) |
RoCE (Latest, %) |
Dividend Yield (%) |
| INOX WIND | 524.4 | NM | 10.3 | 1.4 | -14.9 | NM | -13.3% | 0.0% |
| WEBSOL ENERGY | 390.2 | NM | 9.7 | 0.1 | -11.8 | NM | -14.4% | 0.0% |
| STERLING AND WILSON SOLAR | 584.0 | NM | 12.9 | -8.7 | -7.3 | 0.0% | -219.6% | 0.0% |
| SHIGAN QUANTUM | 115.0 | NM | 2.9 | 0.7 | 19.0 | 6.8% | 15.3% | 0.0% |
| INSOLATION ENERGY | 1,571.2 | NM | 62.9 | 1.3 | 17.9 | 20.2% | 20.0% | 0.0% |
1.INOX WIND
Wind turbine generators (WTGs) are produced by Indian wind energy services company INOX Wind Limited. The firm is a subsidiary of the INOX Group and was formed in 2020.
INOX Wind maintains production facilities close to Una (Himachal Pradesh) and Ahmedabad (Gujarat). Gujarat Flourochemicals owns 75% of the business, while the Jain family, who are the INOX Group’s promoters, hold 25%.
2.WESOL ENERGY
Since 1994, Websol Energy System Limited (WESL) has been engaged in the manufacturing and retailing of solar photovoltaic cells and modules. It was first created as an Export Oriented Unit via a joint venture with the West Bengal government’s WEBEL (an Electronic Development Corporation) and in technical cooperation with Italy’s Helios Technology.
The company’s main line of business is the production of solar photovoltaic modules and cells.
3.STERLING AND WILSON SOLAR
An international provider of renewable engineering, construction, and purchasing (EPC) solutions is Sterling and Wilson Solar Limited (SWREL). Large-scale renewable energy parks with solar, wind, and battery energy storage technologies are their area of interest. Utility-scale solar, floating solar, hybrid, and energy storage solutions are all covered by SWREL’s EPC services.
4.SHIGAN QUANTUM
An Indian business called Shigan Quantum Technologies offers alternative fuel system solutions for use in stationary, train, and car applications. They provide hydrogen, LPG, CNG, HCNG, and dual fuel system solutions to industrial and automotive clients.
5.INSOLATION ENERGY
The process of removing or making equipment safe to use involves eliminating all energy sources, often known as energy isolation. Pneumatic, hydraulic, electrical, and mechanical energy sources might all fall under this category.
Energy separation is essential for avoiding disasters. It keeps stored energy from escaping, which might cause dangerous situations like electric or unplanned movement.
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